Argentina to tell Brazil it wants car quota extension

Argentina will tell Brazil it wants to maintain a cap on Brazilian car imports for at least another year, the Clarin newspaper reported on Monday, dealing a blow to its neighbor’s hope of liberalizing the trade.

“We understand that they want to begin the total liberalization of trade (in cars) this year. But we’re going to propose the existing system be extended,” Clarin cited Industry Secretary Martin Etchegoyen as saying.